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Question 87

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Use the following to answer questions
Ashland Company has a perpetual inventory system and uses the FIFO method of inventory costing. Ashland had a beginning inventory of 50 units and reported the following events during the month of June:
Use the following to answer questions Ashland Company has a perpetual inventory system and uses the FIFO method of inventory costing. Ashland had a beginning inventory of 50 units and reported the following events during the month of June: -The cost of goods sold for the June 16 sale is: A) $780 B) $755 C) $715 D) $650
-The cost of goods sold for the June 16 sale is:


A) $780
B) $755
C) $715
D) $650

Correct Answer:

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